Price index crossing 7,000 mark not risky yet: BSEC chairman

The stock market’s current price index that crossed 7,000 points is not risky, rather there is more room for it to go up, given the price-to-earnings ratio, said Professor Shibli Rubayat-Ul-Islam, Chairman of the Bangladesh Securities and Exchange Commission (BSEC).

The commission is not concerned about the bank’s overexposure to stocks as the market is not now driven by the banking sector, the BSEC chairman said, referring to the central bank’s recent move on overplay of banks into stocks.
Prof Shibli Rubayat-Ul-Islam, said, “The size of the market is now Tk5.77 lakh crore, while investments made by the banking sector account for 7%-8%. So, there will be no effect on the market whatever happens in the banking sector.”